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Battle of mergers and consolidations intensify in India’s retail market

The Indian retail market is expected grow and reach US$ 1.4 trillion by 2023 at a compound annual growth rate (CAGR) of 10.7 percent between 2020-2023. Following the acquisition of Flipkart by Walmart in 2018, the fast-growing and lucrative...

Future Retail explores, evaluates various opportunities for stake sale

Future Retail, responding to reports of talks to sell a stake in the firm to Reliance Industries Ltd (RIL), on Thursday said it continues to explore and evaluate various opportunities. According to a PTI report: Responding to the BSE over...

Future Group in advance talks with RIL to sell stake in Future Retail, other units: Report

The Future Group is in advance talks with Mukesh Ambani's Reliance Industries to sell stakes in Future Retail and some other units, according to industry sources. According to a PTI report: The Kishore Biyani-led group, which already has a partnership...

Future Retail to raise up to Rs 650 crore to reduce debt

Debt-ridden Future Retail on Wednesday said its board has approved raising up to Rs 650 crore by issuing non-convertible debentures (NCDs) to pare debt. The NCDs will be issued on private placement basis in one or more tranches, Future...

Amazon, Future Group in talks over Future Retail stake sale

Kishore Biyani-led Future Group has started talks with Amazon for selling stake in Future Retail Ltd to the US-based e-commerce major, industry sources said. The two parties initiated talks earlier this week for a stake in Future Retail, they...

Anticipated lockdown extension, adequate stock in place, say retailers

Retailers on Tuesday assured there is enough inventory to meet the demand during the extended lockdown period, stating they had stocked up in anticipation of such a move from the government to curb the spread of coronavirus pandemic. According to...

Future Retail Q3 net profit down 16.7 pc to Rs 164.56 cr

Kishore Biyani-led Future Retail Ltd on Thursday reported a 16.72 percent decline in consolidated net profit at Rs 164.56 crore for the third quarter ended December. The company had reported a net profit of Rs 197.60 crore in October-December...

IMAGES Group honours Indian food & grocery retailers at Coca-Cola Golden Spoon Awards

To honour innovative retail concepts and creative food retailers, food & grocery retail professionals IMAGES Group presented awards on February 05, 2019 on Day 1 of India Food Forum 2019.Here is the list of awardees:IMAGES Most Admired Food &...
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GoKwik and Twid partner for loyalty rewards

Through this partnership, 100 million shoppers in the GoKwik network will be able to access loyalty and reward points...
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